In this episode of the Elevate Roundtable, the team dives deep into SpaceX’s much-anticipated IPO performance and the Federal Reserve’s first policy meeting under new Chairman Kevin Warsh. They break down SpaceX’s valuation, revealing why shares trading around $177 appear significantly overvalued at roughly 100 times revenue. They describe it as “play money” rather than a core long-term investment, while noting that many clients who received IPO allocations plan to hold their positions for the long haul. The discussion also covers institutional lockup periods and the realities of managing concentrated stock positions. Shane delivers a detailed analysis of Chairman Warsh’s debut FOMC meeting, highlighting the bold decision to scrap forward guidance and refocus the policy statement solely on price stability. The move triggered an immediate market sell-off during the press conference—find out what this signals for future Fed policy and investor positioning. The team wraps up with practical portfolio strategies for clients holding sizable SpaceX stakes, including the smart use of options as portfolio insurance and the critical importance of having clear exit plans before entering high-conviction investments.

Whether you’re an advisor, investor, or simply want unfiltered insights on today’s most talked-about names and macro shifts, this roundtable delivers candid analysis you won’t want to miss.

Views expressed are those of the speakers as of the recording date and subject to change. For educational purposes only. Investing involves risk of loss. Contact Elevate Capital Advisors for personalized advice.